Alliance Capitalism and the Japanese Economy
Alliance Capitalism and the Japanese Economy
This concluding chapter summarizes the arguments developed in this book concerning alliance capitalism and the Japanese economy. It discusses the belief that intercorporate alliances have set the framework within which other institutional characteristics of Japanese market capitalism operate and describes the three broad characteristics of the Japanese economy. These include a high-degree of resilience, impressive rates of long-term corporate investment, and a market structure with substantial barriers to entry to newcomers. The chapter also considers the implications of Japan's economic system for its relationships with its major trading partners.
Keywords: alliance capitalism, Japanese economy, intercorporate alliances, market capitalism, market structure, economic system, trading partners
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